Insights

Posted on May 15, 2020

May 2020 Client Connection: How to Navigate Through the COVID-19 Pandemic…and more

Monthly Newsletters

MAY 2020

The Client Connection

Running out of things to pass the time in quarantine?

Visit the Louvre museum’s exhibition rooms and galleries virtually!
Click on the photo on your right to go on a virtual tour of the Petite Galerie and take a close look at the artists of the Renaissance.

This is our COVID-19 Index that uses stoplights to indicate the financial stress on our health, economy and markets. It reviews the critical data points and addresses where we are and then provides an Overall Assessment.

Find out how the CARES Act impacts you!

Are you worried about your plan? We have created an extensive checklist to help you answer your financial questions

Written By Debra Taylor
May 1, 2020
On Friday, March 27th, the President signed into law the CARES Act, a $2 Trillion stimulus package intended to combat the severe economic damage caused by the coronavirus pandemic. The CARES Act includes provisions intended to help individuals and small businesses but have you seen the planning opportunities you may have missed…Click here for our checklist

Confused about the market? Read Debbie’s letter below as to why we anticipate a market pullback

Written By Debra Taylor
May 11, 2020
We are pleased to be able to reach out to you with better market news around the COVID-19 pandemic than in previous communications. New cases of the virus seem to be moderating, and since its 34% decline, the S&P 500 has quickly rebounded 25%. While it is our priority to focus on the financial markets and the economy, we sincerely hope you, your family, and loved ones are staying safe…Read More
Your Retirement plans are going to change with the SECURE Act! Click on the link below to download the “New Retirement Rules” card
The “New Retirement Rules” card breaks down how the SECURE Act directly impacts certain areas of retirement. This is important in understanding what steps to take and how to adjust your retirement strategy going forward.

Are you aware of the tax deadline extension?

The filing and tax payment deadlines have been extended from April 15 to July 15, 2020. If you have already filed your 2019 returns, click here for information on how to send them to us.

Don’t miss our upcoming virtual workshop (and invite a friend!)

You are invited!
On Thursday, June 4th at 4:15pm, Debbie and Rob Taylor will be hosting another Virtual Workshop:
20 Tips for 2020 – With Market and COVID-19 Updates
Reasons To Attend Our Webinar:
  1. Learn 20 tax and planning tips for 2020
  2. Find out new updates on the government stimulus
  3. Learn what to do with a large IRA
  4. Debra Taylor, CPA/PFS, JD, CDFA and Rob Taylor, MBA, have over 20 years experience in the field of finance
  5. Pass the time during quarantine and learn something too!
Don’t forget to send the registration link below to your Friends and Family! The only way to attend is to register in advance!
Do you need a roadmap to economic recovery in this social distancing world?
Article Provided by Taylor Financial Group
When we wondered if the 2020s would be deserving of the rebirth of the “Roaring Twenties” moniker, we certainly didn’t consider all the ways this decade might roar—or bite. Just 10 weeks into the new decade, the World Health Organization (WHO) declared the COVID- 19 outbreak a global pandemic…Read More

Have you made your 2019 Roth IRA Contribution yet?

Monies from a Roth IRA grow tax free and can be withdrawn tax-free (for both you and your heirs), and Roth IRAs do not have RMDs (Required Minimum Distributions) during your lifetime. This means that Roth IRAs can be effectively utilized as a tax-planning tool during your retirement by keeping your taxable income lower, thus limiting your taxes in retirement and lowering taxes on Social Security and decreasing Medicare surcharges…Read More

Do you have any questions about your Estate Plan?

4 Ways To Improve Your Estate Plan
Article Written by Jamie Hopkins
Everyone’s heard the stories of celebrities who died without a proper estate plan in place. It’s been a hot topic in the last few years with Prince and Aretha Franklin serving as unfortunate faces of the phenomenon. But it’s not just freewheeling entertainers…Read More.

Do you have any questions about your Retirement plan?

Developing a Realizable Vision for Retirement
White Paper provided by Taylor Financial Group, LLC
Retirement is a totally new stage of life. With some careful prioritizing—and collaborating with your advisor—you can design a working plan for retirement that may surpass all your expectations.
When most people think of retirement, they imagine leaving a job they’re tired of, getting out of the rat race, and leaving the pressures of employment behind.
Often retirement is viewed as a reward for time in the workforce and successful financial planning…Read More
Did you know you can skip your Required Minimum Distribution for 2020?
Written By Debra Taylor
April 6th, 2020
As you may know, The CARES Act (Coronavirus Aid, Relief and Economic Security Act) was signed into law on Friday March 27, 2020. The Act provides $2.2T of economic relief to individuals and businesses all across the United States. Although there are many provisions within the 883-page Act, one provision that stands out amongst the others is the option to skip Required Minimum Distributions (RMD’s) for 2020…Read More

RMD Planning in 2020: Carson Webinar on what you need to know!

You might be struggling to keep retirement and tax rules straight – especially now as they have changed quite a bit this year, between the CARES Act and SECURE Act. Both bills have significant impacts on required minimum distributions (RMDs) in particular. By suspending RMDs in 2020, the federal government is hoping to give people more control over their money and reduce the need to sell investments, which would create a taxable event during a turbulent time. Our partners at Carson address your next steps in this webinar here.
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